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How to Use Trusts to Protect Your Wealth

Ever heard of a "trust" or "trust fund" but not sure what it really means? In this video, we explain what a trust/trust fund is, how trusts work, and why people use them to manage their money, property, and other assets. We cover the basics of living trusts, irrevocable trusts, and more, so you can understand the benefits of trusts like avoiding probate, protecting your wealth, and controlling who inherits your assets. Whether you’re looking to plan your estate, protect your family’s future, save money on taxes, or just curious about how the wealthy use trusts to safeguard their money, this video has you covered. We break it down with simple language, real-life examples, and easy-to-follow visuals, so anyone can understand how a trust can help them. Chapter: 0:00 Introduction 1:40 How do Trusts Work? 5:39 Type of Trusts (Revocable, Irrevocable, Living, Testamentary) 9:04 Benefits of Trusts (Avoiding Probate, Better Control, Protecting Assets, Tax Benefits, For Special Needs, Divorce Protection) 13:00 Disadvantages of Trusts (Fees, Loss of Control, Complexity) 14:23 Conclusion